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Alternative Valentine’s Gifts for Him and Her

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Valentine’s Day is synonymous with the traditional exchange of cards, chocolates, gifts and sharing a candle-lit dinner with loved ones. It not only signals appreciation and love for one another; but is also a life-long tradition that is celebrated in most parts of the world.

Splurging on loved ones is great; but why not spoil your loved one with a gift that will put them in a better financial position. Ester Ochse, Product Specialist – FNB Advisory says that, “Valentine’s Day can be a costly affair and we tend to overspend to show our appreciation in a number of ways. Given the times we are living in and rising household costs, we encourage consumers to think differently and consider buying gifts that will have a lasting impact and benefit in the long-run.”

According to economic data site tradingeconomics.com, “Household Saving Rate in South Africa remained unchanged at 0.20 percent in the third quarter of 2017 from 0.20 percent in the second quarter of 2017. Personal Savings in South Africa averaged 4.84 percent from 1960 until 2017.

A revaluation of our current spending habits needs to take place sooner rather than later. This will help you identify and create a savings habit that will better your quality of life in the long-term.

“Look at investment products like a unit trust portfolio or even a Tax Free Savings account which will potentially help you reap higher returns, depending on the underlying asset class. These are great vehicles that will help you and your loved one start that savings journey. Not only will it help you improve your financial situation but will set you up for the future,” adds Ochse.

Let’s be honest, chocolates, perfume or leather handbags are more appealing than an investment product but the value and quality diminishes over time. Investment products are not seen as the most attractive or sought after gifts. For many investing is postponed to when they are older or wiser and is something that is not urgent.

“Rather invest now and grow your money over time for great returns and financial stability. This gives you the opportunity to build and continue creating your wealth over time. It’s never too late to start investing, be it for you or your loved one,” concludes Ochse

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Alan Straton

Chief Cook, Bottle Washer and Broom Mechanic at MyPE
Passionate about Port Elizabeth and definitely NOT packing for Perth. Alan's ethos is epitomised in the words of Nelson Mandela; "I have fought against white domination and I have fought against black domination. I have cherished the idea of a democratic and free society. If need be, it is an ideal for which I am prepared to die." See more articles by Alan.